I’m just about to finish my post on the progress of my hbd savings.
The Hive Backed Dollar is backed by $1 worth of Hive. Many read this to mean that Hive is backed by a USD. It is not.
I touched on this too. We could decide that Hive is denominated in Euro and HBD will automatically be made up of 1euro worth of Hive. Cool stuff. Like a hydra
That could be true but no point. The USD is something people understand as a unit of measure. Plus much in the world is priced in that, not EUROs.
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